Zooming in to the Daily BTC chart

Hi guys,

Was the collapse of FTX the final nail in the coffin for BTC participants?

In my previous BTC idea I mentioned will we see one more leg lower so we did get one, was this it?

Since the collapse of FTX BTC moved sideways for around 2 months with stable low swings boring market participants.

Recently we got a swing of around 30% to the upside reclaiming the daily 200 MA along with braking above the 75.00 level on the RSI indicating a posable trend change.

If the MA's holds as a strong support we could see the brake of the post FTX Collapse level.

Could this be the beginning of a much bigger reversal only time will tell.

As always Invest small and with a plan in mind.

"capital loss is more panful than capital gained"


Stay safe,

Crypto Leonard